United Bank for Africa grows H1:2017 profit by 66%, declares interim dividend
Businessam Staff
August 29, 2017
United Bank for Africa (UBA) Plc (the Group) has announced its audited half-year financial results ended June 30, 2017, indicating a profit before tax (PBT) of N57.5 billion, representing a significant growth of 65.5 percent over N34.8 billion recorded in the corresponding period of June 2016. The results equally show that UBA shareholders’ funds grew […]
UBA makes U-turn, lifts ban on Bank’s debit, prepaid cards usage for all sites
Businessam StaffAugust 25, 2017
Nigeria’s United Bank for Africa (UBA), Friday lifts the earlier restriction on its cards usage for transactions with online jewellery merchants, gambling or access any pornography sites. Contrary to the circular sent to customers through E-mail Thursday, the pan-African financial institution today released another circular signed by Chukwuma Nweke, its Executive Director/Group COO, stating the reversal […]
UBA restricts customers on Bank’s debit, prepaid cards usage for dating, betting, jewellery sites
Businessam StaffAugust 25, 2017
Nigeria’s United Bank for Africa (UBA), Thursday, says it has restricted its customers from using its debit and prepaid cards for transactions with online jewellery merchants, gambling or access any pornography sites. In a newsletter to customers titled “we want you to transact safely,” the bank, which is one of the biggest in the country, said […]
Goldman said to name AlDossari Saudi investment banking head
Businessam StaffAugust 22, 2017
Goldman Sachs Group Inc. has hired Eyas AlDossari as head of investment banking for Saudi Arabia as the U.S. bank looks to expand in the kingdom, according to people familiar with the matter, who asked not to be identified because the appointment isn’t yet public, Bloomberg reports. AlDossari was most recently an associate director for […]
Nigeria Access Bank rewards customers in family fortune promo
Businessam StaffAugust 18, 2017
Nigeria Access Bank has rewarded 120 of its loyal customers in its family fortune promo – Save Today, Take Tomorrow – instituted to stimulate a saving culture in the family and among Nigerians. The promo which equally promotes financial inclusion had 50 customers rewarded with DSTV decoders; 30 getting N50,000 worth of shopping vouchers; 20 […]
Skye Bank launches new digital solution to improve its financial offerings
Businessam StaffAugust 11, 2017
Nigeria’s Skye Bank Plc. Thursday launched SkyeXperience, a unique banking solution, as part of efforts to expand its digital financial offerings to its growing clientele. The bank said the launch was a display of its commitment to its valued customers who have continued to, not only do business with the bank, but also challenge it […]
Union bank excites customer with brand new car in its centenary promo
Oluwafemi OgunjobiAugust 10, 2017
Nigeria’s Union Bank recently excited its customers with fantastic prizes in its centenary enrichment promo, with Emmanuel Alu from Minna, Niger State becoming the first customer to win one of the three cars up for grabs. The anniversary celebrations themed Celebrate, Impact, Lead have other various prizes up for grabs, including household equipment. The bank, […]
Barclays names ex-Citi banker Barry Rodrigues as head of Barclaycard
Businessam StaffAugust 10, 2017
Barclays has named former Citigroup banker Barry Rodrigues as the head of its Barclaycard International credit card division, the British bank said Thursday. Rodrigues, formerly the head of Citi’s digital payments business, will be based in New York in his new role and will start in early November, the bank said. He replaces Amer Sajed, […]
Winners emerge in Union Bank’s Centenary Innovation Challenge
Businessam StaffAugust 2, 2017
“Biodegradeable Starch Bags” by Ized Uanikheli emerged as the winner of the Union Bank Centenary Innovation Challenge – an initiative set up in partnership with Co-Creation Hub to socially impact Nigeria by unearthing and supporting innovative ideas that address the Sustainable Development Goals (SDGs). The pitch event held on Thursday, 27th July 2017 at the […]
Nigeria’s Bank of Industry bags Karlsruhe sustainable devt award
Businessam StaffAugust 1, 2017
Nigeria’s Bank of Industry (BoI) has bagged a Karlsruhe sustainable development award in Germany. The bank was awarded for its pioneering role in the deployment of electrification projects in some rural communities across Nigeria. The prestigious ‘Outstanding Sustainable Project Financing’ award was given to the bank at the 2017 edition of the Global Sustainable Conference, […]